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Trump imposes tariffs on imported vehicles triggering market sell-off

President Trump has announced a permanent 25% tariff on all imported vehicles and auto parts, effective April 3, sparking immediate backlash from affected countries, particularly Canada, which threatens countermeasures. The market reacted negatively, with significant declines in shares of major automakers, including General Motors and Ford, while Tesla saw a slight increase.

Stellantis CFO Commits to Rebuilding Trust After CEO Tavares Departure

Stellantis NV is focused on rebuilding trust with dealers, suppliers, unions, and governments following the departure of CEO Carlos Tavares. CFO Doug Ostermann highlighted growing disagreements between Tavares and the board regarding long-term strategic decisions for the company.

market outlook for 2025 suggests potential corrections amid mixed signals

The Nasdaq 100 rose 1.1%, while the Dow Jones fell 0.3%, amid mixed market signals. Bitcoin and Ether declined by 2.2% and 2.5%, respectively, as the VIX dropped below 14, indicating reduced volatility. Corporate upheavals included Intel's CEO ousting and significant labor strikes at Volkswagen AG. Key economic indicators are set to be released this week, including US factory orders and the jobs report.

Stellantis faces leadership crisis after CEO Carlos Tavares departs unexpectedly

Stellantis NV is facing a leadership crisis following the unexpected departure of CEO Carlos Tavares, leading to an 8.9% drop in shares in Milan and a 46% decline this year. Chairman John Elkann will lead an interim committee until a new CEO is appointed.

stellantis ceo carlos tavares resigns amid board disagreements and profit decline

Stellantis CEO Carlos Tavares has resigned amid growing disagreements with the board of directors, effective immediately. The company is in the process of appointing a new CEO, with an interim executive committee led by chairman John Elkann. Tavares had been at the helm since the 2021 merger of Fiat Chrysler and PSA Groupe.

Stellantis CEO Carlos Tavares resigns amid declining profits and sales

Stellantis NV CEO Carlos Tavares is stepping down amid declining profits and weakened US sales for the Jeep and Fiat brands. An interim committee led by Chairman John Elkann will oversee the company until a new CEO is appointed in the first half of 2025.
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